The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-03-19
ANOTnEl. RqMOR
About the baltimore y Ohio Snls-0Ior.
Inventions. rr -.

About The lAitlmOre ~ ONO Snle-01oro
Inventions. :. .rr.... SIS.
New YORK, March ls.-To-day the
statement was given out, apparently by
authority in Wall street, that the ne.
gotiations for the purchase Of the Balti.
more & Ohio railroad had been completed :
that that road had been bought by the
Ssaynor. Ives syndicate; that the first de.
post of $500,000 had already been paid,
and that the transfer OF the road to the
purchasers would soon be made. The
buyers are known only by their connec.
ton With the purchase Of the Cincinnati,
Hamilton 4 Dayton railroad. The back.
er ot theae PARTED is reported to
bs Christopher Meyer, the millionaire
rubber manufacturer of this city. There
are, it is asserted. no other parties back Of
the purchase OF any importance, and
although @. P. Hun.ipgton's name is
coupled with the Hamilton & Dayton
Railroad, be officially denies the connec.
ton, and those nearest to him assert to
their pe.soual friends that he has no con.
nection whatever with the syndicate. The
parties holding the option on the road at
iirst asked an extension, but when Mr..
Garrett explained that such large block
could not remain tied up they withdrew
their request. >.'55 .sF,s..
A Appointment member Of the Richmond
Terminal makes the following statement:
Tho rumors Of dissension in the Board OF
Directors are absolutely unfounded, and
the utmoet confidence in President Sully
prevails. s% b.. ~ c..Yf. -
In taking from Mr., Garrett an option to
purchase the control Of the Baltimore &
Ohio railroad in behalf Of the Richmond
i West Point Terminal road, Mr.. Su!ly
actod for the best interests Of that com.
pany and with the knowledge of all mem.
bers Of the Board, on then the only hesi.
tstion on the part Of the Terminal poonle
to complete the bargain with Mr. Garrett
was that not sufficient time had been
given to make q thorough examination OF
the property to be acquired. ~
/. For the frsttims since the Baltimore &
Ohio deal has been pending Mr.. Sully to-
day broke his silence so far as to eay:
"Yes, I soc that other parties claim TO
have Purchased the control OF the Balti.
more 4 ohio. think they have a de.
pvsit on account. When the Terminal
company decided not to exercise their 90.
ton l told the Baltimore & Ohio people
that while We unanimously desired to
combine our terminal property with the
Baltimore & Ohio property, yet We could
not ask them to consider themselves in
any, way bound to leave the matter.
Therefore, II any disposition has bsen
made 1t Is perfectly proper and right.
II believe the analgamation Of the diyi.
dend earning railroads into a strong sys-
TEN csutot but add strength, power and
increased earnings, with resulting econo.
my" -. t13g : .4 gFj5s5,&
cipnati, Hamilton & Dayton stock is re-.
ported to have been made to a syndicate,
the money to be used in payment OF the
Baltimore 4 Ohio stock. All the other
railroad and telegraph officials deny they
have any interest in the deal. The pur-
chase is believed to be for speculative pur.
poses only. It Is stated that the pur.
chssers are bns;ly engaged in attempts to
raise the balance Of the frat 1000 ,OOC
which Is TO be paid on Monday. II is
also alleged that they are mortgsging the
Baltimore l. Ohio property beforehand In
order to raise the money, and that as soon
as they can get control the diaintergration
OF the road will begin. !, Il I + i, .la5j5